Live market-moving events as an Iran peace breakthrough, the post-ECB tape and next week’s Fed–BoE window shape the Frankfurt, Paris and Lon
Europe’s markets opened sharply higher on 12 June 2026 as investors welcomed a major geopolitical breakthrough after President Trump announced the suspension of planned strikes on Iran and highlighted progress in peace negotiations. The risk-on mood was further supported by the completion of two key macro events—the ECB’s 25-basis-point rate hike to 2.25% and softer-than-feared U.S. core CPI data. European equities surged, led by travel, banking, and cyclical sectors, while energy stocks lagged as oil prices retreated on easing geopolitical tensions. The euro weakened despite the ECB’s hawkish stance, while cryptocurrencies rebounded alongside broader risk assets. Market focus now shifts to next week’s critical central bank meetings, including the Federal Reserve’s June decision and the Bank of England rate announcement, which could determine whether the current relief rally has further room to run.
Read the full analysis on: Capital Street FX - Forex and CFD Market Analysis
